Hudson Valley Region, March 2016

FIRM EXPANSIONS AND CONTRACTIONS

Hudson Valley Region

March 2016

New York State Department of LaborDivision of Research and Statistics120 Bloomingdale Road, Room 218White Plains, NY 10605914-997-8798

This briefing provides information on firm-specific hiring and layoff announcements in the Hudson Valley. The information in this report is derived from press releases, newspapers, business journals, newsletters and other public sources. It does not include all expansions and contractions in the region – only those for which public information has been obtained. An attempt is made to present only current information – events that have recently occurred or will occur in the near future.

BUSINESS EXPANSIONS FOR THE HUDSON VALLEY REGION

Dutchess CountyConstruction broke ground recently on the Gagliardi family’s $7 million, 81-room hotel on Route 208 in South Blooming Grove. The 40,000 sq. ft. hotel will create an estimated 80 temporary construction jobs and about 20 permanent jobs once in operation. The Gagliardi family has entered into a franchise agreement with Choice Hotels brand to operate a Sleep Inn & Suites.

Golden Corral, a buffet-style chain restaurant, plans to open a new eatery on Route 9 in the Town of Poughkeepsie. Construction recently began on the new restaurant, with a scheduled opening for either August or September. Prominent in the south, Golden Corral is focused on expanding into different regions nationwide following the popularity of restaurant openings in California. Once in operation, the buffet-style restaurant will create about 125 jobs, including four manager positions with an annual salary of $45,000.

Silo Ridge Field Club, an upscale housing project featuring 245 residential units and an 18-hole golf course in the Town of Amenia, has finally received permit approvals from the state Department of Environmental Conservation and the Dutchess County Health Department. The $500 million project, which has been in the planning stages since 2009, is hailed as a boost for eastern Dutchess County and is projected to generate 3,000 construction jobs and 200 full-time jobs when completed. Silo Ridge is aimed at high-end buyers, with residential units ranging between $1 million and $10 million. The development will also include an indoor field house, an activity barn with a bowling alley and a movie theatre.

Orange CountyNothing to report.

Putnam CountyNothing to report.

Rockland CountyNothing to report.

Sullivan CountyNothing to report.

Ulster CountyNothing to report.

Westchester CountyAvalonBay Communities, a national residential developer, is in discussion with Yonkers city officials about a 580-unit apartment complex near the downtown riverfront. The plan calls for studios, one and two bedroom apartments in a building no taller than six stories high. The Virginia-based developer has not yet submitted any formal applications with the city Planning Board. AvalonBay has built seven projects in Rockland and Westchester counties.

Connecticut-based Starwood Capital Group has proposed a $300 million mixed-use development on the former site of United Hospital in Port Chester. The company purchased the property for $28 million in 2006. Starwood’s project calls for a 135-room hotel, 217,000 sq. ft. of medical office space, 90,000 sq. ft. of boutique shops and restaurants, 500 residential units for young professionals and 250 55-and-over age-restricted housing units. Starwood Capital Group is seeking a $60 million PILOT agreement over 20 years. The project is expected to create 2,800 jobs and bring in about $2 million annually to the village school district.

Target plans to open a new store between Austin Avenue and Sprain Road, near a Stew Leonard’s supermarket in Yonkers. New Jersey-based developer Morris Builders will erect a 175,000 square-foot building for Target, on vacant land near the Ridge Hill shopping complex. The builder is also constructing an 80,000 sq. ft., two-story retail facility there as well. The developer is awaiting zoning approval from city officials before submitting a site plan application with the Yonkers Planning Board. Although job numbers has not been announced, a typical Target store employs a few hundred employees.

Westchester Medical Center Health Network recently unveiled its plan to build a $230 million ambulatory care pavilion adjacent to the Westchester Medical Center, on its Valhalla campus. The 280,000 sq. ft. medical pavilion will include 185,000 sq. ft. of ambulatory care service space, featuring an advanced imaging center, ambulatory surgery center, and a heart and vascular institute. The project will also include a 20,000 sq. ft. private-room expansion for Westchester Medical Center, as well as 70,000 sq. ft. for physician offices. Construction on the new facility is expected to break ground in spring, 2016 and will generate 180 full-time jobs and 225 construction jobs.

BUSINESS CONTRACTIONS FOR THE HUDSON VALLEY REGION

Dutchess CountyJabil Circuit, Inc. filed a WARN notice with the NYS Department of Labor on March 29, 2016 in anticipation of a mass layoff. The company will lay off 45 employees on June 30, 2016 at its facility in Poughkeepsie.

Orange CountyConstruction of the $200 million LOOP-Hudson Valley complex in the Town of Newburgh may not get off the ground. Several sources have confirmed that the developers, Wilder-Balter Partners, are not moving forward with their plans to build the mega shopping complex that was to become home to stores like BJ’s Warehouse Club, Dick’s Sporting Goods, ShopRite and Michael’s. The LOOP had been projected to create about 1,000 construction jobs and 1,000 permanent management and sales jobs in the 50-store, plaza-style shopping center. The Orange County IDA awarded the company $5 million in sales-tax exemptions and a mortgage-tax exemption worth $500,000 for the project.

Putnam CountyNothing to report.

Rockland CountyNothing to report.

Sullivan CountyNothing to report.

Ulster CountyNothing to report.

Westchester CountySports Authority which recently filed for Chapter 11 bankruptcy protection announced plans to close about 140 stores nationwide. The sporting retailer will close seven stores in New York, including the Yonkers store at the Cross County shopping center in Yonkers.